---
title: Finding The Cheapest Auto Insurance
description: Nationally, the average cost of car insurance is expected to rise 12.6 percent this year according to ValuePenguin.
---

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# [Finding The Cheapest Auto Insurance](https://www.carpro.com/blog/finding-the-cheapest-auto-insurance)

 Written by [CarPro](https://www.carpro.com/blog/author/carpro) | Mar 5, 2024 7:37:08 PM

Auto insurance premiums are expected to rise even more this year than last. According to [ValuePenguin,](https://www.valuepenguin.com/state-of-auto-insurance-2024) rates are expected to increase by 12.6% across the U.S. in 2024, due to rising repair costs and frequent severe weather.  The increase is larger than the 11.2% increase in 2023, according ValuePenguin's [State of Auto Insurance in 2024 report.](https://www.valuepenguin.com/state-of-auto-insurance-2024)  The report cites the average cost of full coverage car insurance across the U.S. going into 2024 as $1,984 annually, which equates to roughly $165 per month.

That said you may be looking for ways to lower your rising premiums. [AutoInsurance.org. ](https://www.autoinsurance.org/cheapest-auto-insurance-companies/)has compiled a list of the cheapest auto insurance companies<https://www.autoinsurance.org/cheapest-auto-insurance-companies/>in <https://www.autoinsurance.org/cheapest-auto-insurance-companies/>2024, and the list names Geico, State Farm, and Travelers as the companies with the cheapest auto insurance on average.

Of course, keep in mind that car insurance varies on a number of factors — location, driving history, credit score, and more — so some insurance companies may be cheaper for certain drivers than others.

<https://www.carpro.com/hs/cta/wi/redirect?encryptedPayload=AVxigLJpPpZB%2BfXNt117ideJ%2FgTI8cuqd6uQpOJkMmxNB1NSRu8Wqb3w3GhyX%2BHaoNP2WeCb8izLJOVvX5Ul9Pcifkmw9F%2BUi1GEGUOnIvm5Em5PZB%2BPlfI50%2F3thJd%2BuxLa%2BFGukzzI7COFfG22xuVsvxizUN6F89iYC%2FK5wXPAIIwc5RPzTwhZj2rcmvF1RZ0ZEaCyYHp0Pi7E&webInteractiveContentId=125646121292&portalId=2684054>

Here are some other things to keep in mind:

- Most states require that all drivers carry a minimum amount of auto insurance coverage, typically a combination of bodily injury and property damage liability coverage. Meeting this legal minimum is often the cheapest coverage you can get.  Find out the [Minimum Auto Insurance Requirements by State by clicking here.](https://www.autoinsurance.org/car-insurance-requirements/) 
- Also, many insurance providers offer discounts to drivers for various things like being a safe driver, insuring multiple vehicles, or even being a good student. Some companies also offer telematics-based policies that track driving habits that could lower your insurance rate.  So always ask about any potential discounts when applying for a policy.

Here are some numbers compiled by AutoInsurance.org:   

- [Cheapest Auto Insurance Overall](https://www.autoinsurance.org/cheapest-auto-insurance-companies/#cheapest-overall):    Geico – $30/month
- [Cheapest Auto Insurance for Drivers with a Traffic Ticket](https://www.autoinsurance.org/cheapest-auto-insurance-companies/#cheapest-ticket):    State Farm – $37/month
- [Cheapest Auto Insurance After a Car Accident](https://www.autoinsurance.org/cheapest-auto-insurance-companies/#cheapest-accident):    State Farm – $40/month
- [Cheapest Auto Insurance After a DUI](https://www.autoinsurance.org/cheapest-auto-insurance-companies/#cheapest-dui):    State Farm – $45/month
- [Cheapest Auto Insurance for Teen Drivers](https://www.autoinsurance.org/cheapest-auto-insurance-companies/#cheapest-teen):   Geico – $107/month
- [Cheapest Auto Insurance for Senior Drivers](https://www.autoinsurance.org/cheapest-auto-insurance-companies/#cheapest-senior):    Geico – $30/month

**To see the full report in more detail, [click here.](https://www.autoinsurance.org/cheapest-auto-insurance-companies/)**

Photo Credit: [New Africa/Shutterstock.com.](https://www.shutterstock.com/g/newafrica)

 

[View full post](https://www.carpro.com/blog/finding-the-cheapest-auto-insurance)

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